EE Impact

HDFC Bank

India · Finance & Payments

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Still operating in Russia

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and world's 10th largest bank by market capitalisation as of April 2021.

Status last verified 03/08/2026Source checked 21/11/2022Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 21/12/2022 · Reference ↗

Facilitated a domestic cement maker’s yuan trade purchase of Russian coal to avoid USD. India's central bank has allowed HDFC Bank Ltd (HDBK.NS) and Canara Bank Ltd (CNBK.NS) to open a special "vostro account" for trade in rupees with Russia.

Status history since 2022

  1. 03/08/2026 operating · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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